I see this downward behavior of the Bitcoin market as a good possibility.

[YellowSwap]

If I am in your shoe I wouldn't want my father to involve himself, I would take the risk alone and let my father stick with what he his used to already, also you don't have to buy 1 BTC, you won't need any approval to buy some amount and hold for long term.

If you aren't making your own money please find a solution to that, it's just better to be the one doing the investment and not taking anyone along, even if they are family.

It's surely a good time to buy but always have a dry powder, this might not even be the bottom for some reasons, make sure you don't use all the money you have to buy Bitcoin in one go.

From here on 45k is even still possible.

[UpTober]

If your father does not approve or you do not own that money, it is better not to invest in Bitcoin. Your investment will be long-term (3-7 years), and your father may not understand the need to wait all this time. Then you may have to sell next October or December, and then the price may be lower than the current price.

My intention is also that if I invest, then I will definitely invest in a long-term plan and try to hold it for at least three to five years or more. Since my father will not be able to think about the matter like me, I am still trying to convince him and telling him that I will have to give this specific amount of money and I will not give you any guarantee when I will return this money or when I will make a profit from this money, maybe if I can explain it better I will be able to convince him about this but the important thing is that I will not show him any hope that I will make a profit after six months or a year or return the money taken from him.

You still didn’t answer my question, because if your father pays all your tuition from his own pocket, then where did you get another tuition money that you are using to invest? I hope is not what am thinking, are you still taking loans for tuition using it to buy bitcoin? Because you didn’t mention that you have any job or business, you just said tuition money. So I still want you to explain where the money is coming from.

My father pays for my university tuition fees, but I have tried to explain to you several times that I teach my juniors myself and I call it tutoring. For teaching juniors, I receive a certain amount of money at the end of the month, which I use for investment.

[avp2306]

If your father does not approve or you do not own that money, it is better not to invest in Bitcoin. Your investment will be long-term (3-7 years), and your father may not understand the need to wait all this time. Then you may have to sell next October or December, and then the price may be lower than the current price.

Also much better not to touch the money of his father because this might give them serious problem if market dumps more.

They are risking the money of his father in that case and maybe it will give them more bad result if bearish market continues and pressure also lots of negative situation raise on their ends.

So better stay chill and only spend the money what he own only. Even if we say Bitcoin is good investment its better for us not to touch other people's money especially if they don't know about Bitcoin, since for sure they won't understand that long term holding and for sure they can't afford to wait for that long.

[purple_sparkles]

I am a student but besides my studies I have tuition and I also help my father in his business. I have been trying to buy Bitcoin continuously for several months. Since I do not have to buy anything for myself with my tuition money, I try to buy Bitcoin with most of my tuition money, but now that the market has gone down a bit, I am thinking of something a little different. Several cows have been sold from my father's cattle farm this year and my father has a good amount of money at the moment. I have thought that if the Bitcoin market falls below $50,000 or a little below that, I will buy Bitcoin with some of the money from selling my father's cows and hold it for a long time. Looking at the market chart, I have understood that there have been several changes in the market before and those who bought Bitcoin during those changes have made good profits later. I have already had some discussions with my father about Bitcoin and investing, and after getting the green signal from him, I am feeling more confident about investing this way.
Hopefully, this new investment experience will be good for me.

If your father supports your decision, then you already have a strong advantage. I also believe that periods when bitcoin drops especially low should be used as an opportunity for accumulation. At the same time, I think it is very important to diversify risks. You should not rely on only one option, even if that option is bitcoin. It is also extremely important to take proper care of the security and safety of your investment.

[pawanjain]

I am a student but besides my studies I have tuition and I also help my father in his business. I have been trying to buy Bitcoin continuously for several months. Since I do not have to buy anything for myself with my tuition money, I try to buy Bitcoin with most of my tuition money, but now that the market has gone down a bit, I am thinking of something a little different. Several cows have been sold from my father's cattle farm this year and my father has a good amount of money at the moment. I have thought that if the Bitcoin market falls below $50,000 or a little below that, I will buy Bitcoin with some of the money from selling my father's cows and hold it for a long time. Looking at the market chart, I have understood that there have been several changes in the market before and those who bought Bitcoin during those changes have made good profits later. I have already had some discussions with my father about Bitcoin and investing, and after getting the green signal from him, I am feeling more confident about investing this way.
Hopefully, this new investment experience will be good for me.

As far as your father knows about your plan and agrees with it then there's no harm in this.
In fact, since bitcoin price has dropped pretty much lately, it would be wise to start DCAing at this point.
Instead of waiting for bitcoin to go below $50k, it would be better to by some at every dip now onwards.
This would ensure you are getting at least some amount in bitcoin rather than missing the opportunity in case bitcoin recovers quickly.

[MRY]

If your father supports your decision, then you already have a strong advantage. I also believe that periods when bitcoin drops especially low should be used as an opportunity for accumulation. At the same time, I think it is very important to diversify risks. You should not rely on only one option, even if that option is bitcoin. It is also extremely important to take proper care of the security and safety of your investment.

The level of security of the digital wallet is an important measure that must not be disregarded. Losing your assets indefinitely and with no chance of recovery, that would be a big affair due to a minor misstep when storing your password. Store all your hard work in reliable offline storage device and set many security measure to ensure that it is secure.

[Royal Cap]

I would say that you need to think twice before making such a big decision as a student. Buying crypto with your tuition surplus money and investing your father's business capital or a large fund of hardship here are completely different things. Since the money from selling your father's cows is hard cash and his business capital, it is better to be a little careful here. When the crypto market starts to fall, it is not impossible to break the support of $50,000 and go much lower. Another thing is that it is not only your own savings, but also your family's money. So risk management is more important than excitement. Long term mindset is good, but if the market stagnates for a few years after investing, then you need to think first whether you can mentally hold it or not.

[DiMarxist]

My question to you is will your father give you money that he has made from his cattle business just to invest in Bitcoin. Because most of these old people are really difficult to convince and may not understand what you will be telling him about Bitcoin. But if he understands with you and give you part of the money he made from the selling of his cow , it will be helpful to you as someone who is really committed to accumulating Bitcoin because the price is down. Finally my advice to you is don't wait for the price to go down to $50k before buying because the price may not get down to what you are expecting it to be.

[Creeper0]

Does your father know about investing with the money from selling your father's cow? Does your father know and understand about Bitcoin investment? The most important question is, is that money from selling the cow discretionary money?

I cannot fully support your decision. The main reason for this is your zero knowledge of risk management. Will your relationship with your father be okay if the plan you are planning goes against you? It is not necessary that there is a possibility of loss from Bitcoin only because of the fall in price, but also because of your own mistakes or by falling into the trap of fraudsters. Even maintenance skills are needed. What you are going to do is relatively risky, make sure that you have the ability to tolerate that risk. Don't be too greedy, I do not support investing with high risk.

[Finestream]

I don't see any wrong with your decision. It's really a good market entry when we are seeing a downward price of bitcoin every time.

However, as much as I agree with your plan, but to be honest it is also risky, especially that you are not actually using extra funds. But as long as your father knows the nature of bitcoin investment, and he knows that there won't be guaranteed profits instantly, that could somehow brings peace of mind. Just don't panic every time the market bleeds, that's normal for a volatile market, but continue to DCA with your extra money.

Bitcoin investment is good and profitable, but if you invest on it blindly, expect the unexpected then.

[Vaculin]

Well, that is already given, investing when the market is in downward behavior could pave way for higher potential of returns. But honestly, I am quite fearful with your father's decision to invest some of his funds in bitcoin. Sometimes, things could be easier said than done, and tell you that its okay for him even if bitcoin will profit 5 or 10 years from the time of investing because he is not in need of that money.

But when the market turns out far from his expectation, he might have a change of mind and sell immediately to regain his capital. That kind of mindset will never prosper in bitcoin, it will only result into a huge loss and unwanted regrets. I just hope your father is as cool and patient like other successful investors in the market.

[PrivacyG]

But when the market turns out far from his expectation, he might have a change of mind and sell immediately to regain his capital. That kind of mindset will never prosper in bitcoin, it will only result into a huge loss and unwanted regrets. I just hope your father is as cool and patient like other successful investors in the market.

Few people do it right from the first time already.  If his father can not hold his emotions together, it is a lesson to learn.  If not today, when.  When Bitcoin is half a million Dollars?

[stadus]

Obviously, there is an edge if you start investing when bitcoin price is going downward trend rather than investing when bitcoin price is going in an upward position. But I guess this is not the real concern here, but its risking your father's money where no one can guarantee as to when its profits will be visible.

If I were you, if you really want to secure a good spot in bitcoin, just borrow a small amount of cash from your father and repay it when your investment has finally paid off. Don't involved your father here because this isn't just a usual investment where one puts up a capital and reap his profits later on.

Bitcoin is risky, its only good for those who are brave enough to wait for the perfect timing to sell and make profits, but those who are weak and would likely to invest their emotions as well, they should not be involved in bitcoin.